Financials

Company financial statements

		SA Rands
Figures in million	Notes	2007	2006
Cash flows from operating activities
Receipts from customers		10,160	9,650
Payments to suppliers and employees		(6,172)	(4,606)
Cash generated from operations	26	3,988	5,044
Dividends received from subsidiaries	1	376	52
Cash utilised by discontinued operations		(14)	(6)
Taxation paid	25	(565)	(435)
Net cash inflow from operating activities		3,785	4,655
Cash flows from investing activities
Capital expenditure
– project expenditure	9	(557)	(448)
– stay-in-business expenditure		(2,050)	(1,696)
Proceeds from disposal of tangible assets		96	30
Proceeds from disposal of assets of discontinued operations		9	63
Associate loan advanced		–	5
Dividend received from other investments	1	16	–
Increase in cash restricted for use		(1)	–
Additional investment in subsidiaries		(617)	(2,396)
Intra-group loans		89	(260)
Interest received		143	52
Loans advanced		(72)	(4)
Repayment of loans advanced		73	5
Net cash outflow from investing activities		(2,871)	(4,649)
Cash flows from financing activities
Proceeds from issue of share capital		247	3,068
Share issue expenses		(4)	(32)
Repayment of borrowings		–	(805)
Finance costs paid		(184)	(199)
Dividends paid	Group 15	(919)	(742)
Intra-group dividends paid		(31)	(48)
Net cash (outflow) inflow from financing activities		(891)	1,242
Net increase in cash and cash equivalents		23	1,248
Cash and cash equivalents at beginning of year		1,260	12
Cash and cash equivalents at end of year	16	1,283	1,260